Buying a home is one of the biggest decisions of your life and you need to be prepared. Whether you have purchased before or if it is your first time, there are many things to keep in mind. From a realtors perspective, here are five of them. The more information you have, the better decisions you can make. Hopefully these five things will trigger more thoughts or questions so feel free to call me for for additional info. Here we go:
Is this home right for YOU?
Are you just starting a family or are you empty nesters? Do you mind bringing your groceries up a flight of stairs or is your knee replacement giving you problems? Are you a chef in the making or is the microwave your favorite appliance? Do you want a big yard for the kids or grandkids or have you sold your lawnmower and never want to see it again? These are just a few questions you need to think about. If you are a growing family, plan ahead and make sure there is enough room for your family’s growth. Make sure you are physically capable of living in your new home. If your master is upstairs, that means a lot of trips up and down the stairs. How about the washer and dryer? Is it where you need it to be? You may love the house but is the yard the size you need or want? Do you have enough parking spots? Will your teenagers all have cars and will they park them on the street? You might not be able to due to HOA restrictions. These are just a few of many questions you need to ask as you look at new homes.
What are the area schools like?
So you are probably asking why this is important if you are retired with no kids; who cares if it is a good school or not. Better schools bring in more people and drive up the price of your home. Better schools bring in more businesses as well. Unless you plan on being in your house for your last breath, think about the neighborhood schools.
This is a kind of a catch all topic but still important. Does this neighborhood offer you what you want? Are you a tennis player or do your kids need a neighborhood pool to play in? Have you read through the HOA requirements? Some people like being told what they can do to their house and some don’t. Some HOA’s are easy to deal with and some have roots with the Gestapo. Know what your rights are before you sign the contract. Is there vacant land near your new home? What is going in there? Unless you want a Wal-Mart in your back yard, take some interest in what is going on or you might have to pay the price later. Is the house you are looking at on a main road? What will happen if they decide to widen the road? Will you lose all your yard? Will the speed limit increase and you have cars zooming by at 50 mph? All things to consider.
You haven’t even bought the house yet and I want you to be thinking about resale? Yep! Second only to location, location, location is resale. At some point, you or your heirs will sell the house. I want you to get as much for it as possible and the time to start thinking about it is now, before you buy. Is it a funky design that only one in 10 people really like? If so, you just took out 90% of the potential buyers. Does it just have a one car garage or carport? This might work for you but not for most people. If you do any improvements on the home, just think ahead and make sure this is something that will appeal to other buyers. It is your home and you can do what you like, but a little forethought never hurts.
Picking a lender
Ah yes, who do you use to help you with one of the biggest decisions of your life? Who can you trust? Good questions. You can get a mortgage from many different places. Shop around as you would for a couch or a car. The interest rates might not vary much, but closing costs and the level of service are big variables. In my mind, someone local is a better choice. You can sit down at a desk with them and discuss any issues. Many loans are done out of state. This makes it difficult to get them info on a moments notice. Go with someone who makes you comfortable and can get you the service you expect and deserve. The Tammy Sells the ATL team has a lender we rely on who consistently provides outstanding customer service. Please check out the "Meet The Team" link on the home page.
In short, the Tammy Sells the ATL Team is here to help you with these important decisions. Please do not hesitate to contract us with any questions whether you are buying or selling. We will work hard to earn your business for this transaction and any transaction in the future. You won’t be disappointed.